Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Gate against Pacifica−0.131%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.131%, 7d avg −0.044%

Together, before fees−0.121%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.087% cheaper against Pacifica than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica WLD	0.4499	0.0100	pay 0.0013% / 1h	32m 24s	$50K	$541K	5x
Short	Gate WLD_USDT	0.4493	0.0100	get 0.0100% / 8h	2h 32m	$7.3M	$37.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee GatebpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.044%: −$8.73
Slippage, 4 orders: −$32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.74
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Pacifica: live order book, 16 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 16 min ago	3.32 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.23 bp	17.7 bp −$18	35.4 bp −$354	59.8 bp −$5,982	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLD-PERP	−0.0053%	1h	0.4492	−0.153%	$241K	$208K	5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4495	−0.080%	$153K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4487	−0.264%	$69K	$4.9M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4490	−0.198%	$143K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4493	−0.134%	$65K	—	150x	as long as short
Polymarket Perps WLD-USD	+0.0043%	1h	0.4494	−0.109%	$40K	$2.4M	10x	as long as short
KuCoin WLDUSDTM	+0.0046%	8h	0.4494	−0.109%	$6.7M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0056%	1h	0.4498	−0.018%	$322	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4491	−0.175%	$28K	$821K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4495	−0.077%	$224K	$1.1M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLDlong	+0.0100%	1h	0.4499	long leg	$50K	$541K	5x
Binance WLDUSDT	+0.0100%	8h	0.4495	−0.090%	$85.6M	$339.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4491	−0.175%	$63.9M	$92.0M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4490	−0.198%	$33.8M	$153.1M	50x	as long as short
Gate WLD_USDTshort	+0.0100%	8h	0.4493	−0.131%	$7.3M	$37.1M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4492	−0.153%	$38.3M	$55.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4494	−0.109%	$29.6M	$31.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4493	−0.131%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4493	−0.140%	$133K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4509	+0.220%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4522	+0.518%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4512	+0.292%	$599K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4527	+0.625%	$48K	$240K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4495	−0.086%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4489	−0.220%	$203	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4487	−0.264%	$821K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4493	−0.131%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4496	−0.058%	$220K	$999K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4491	−0.179%	$30K	$600	3x	as long as short
Lighter WLD	+0.0120%	1h	0.4503	+0.089%	$4.9M	$2.9M	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4491	−0.179%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4509	+0.222%	$5K	$52K	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4513	+0.314%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4492	−0.152%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4494	−0.109%	$4.8M	$924K	75x	as long as short
Hyperliquid WLD	+0.0294%	1h	0.4498	−0.020%	$48.6M	$44.2M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0504%	1h	0.4493	−0.125%	$857K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4491	−0.175%	$274K	$1.7M	50x	as long as short